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The Simple Analytics of Illicit Drug Policy

Doessel, Darrel P and Williams, Ruth F. G (2008) The Simple Analytics of Illicit Drug Policy. The Australian Economic Review, 41 (3). pp. 239-249. ISSN 0004-9018

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Abstract

The impact of alternative drug policy objectives, specifically harm reduction/harm minimisation or prohibition, is unclear. The literature is confusing. This article conceptualises the causal connection between drug consumption and health harm (or reduced health status) then clarifies the implication of ‘drug related harm’. By applying some geometrical tools from economics, the choice of policy objective is analysed. The preferences of policy advocates are then incorporated. Policy advocates are conceived as arguing that decisionmakers and consumers should adopt their preferences between drugs and health harm. With this approach, the difference between alternative drug policies, in particular prohibition and harm minimisation/reduction, is demonstrated.

Item Type: Article
Uncontrolled Keywords: ResPubID15656. alternative drug policy, illicit drug policy
Subjects: Faculty/School/Research Centre/Department > School of Economics and Finance
FOR Classification > 1402 Applied Economics
SEO Classification > 9205 Specific Population Health (excl. Indigenous Health)
Depositing User: VUIR
Date Deposited: 16 Sep 2011 05:04
Last Modified: 06 Feb 2015 04:50
URI: http://vuir.vu.edu.au/id/eprint/3624
DOI: 10.1111/j.1467-8462.2008.00494.x
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Citations in Scopus: 0 - View on Scopus

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